Global institutional investor Goldman Sachs Group has invested around Rs 500 crore ($70.8 million at current exchange rate) in Chennai commercial project Ozone Techno Park of Bengaluru-based Ozone Group, persons in the know told The Economic Times. The investment has been made through a structured debt arrangement, the report said.

Ozone Techno Park, which houses tenants like HCL, CTS, Rainbird Healthcare and Firstsource Solutions, is spread over seven acres with total leasable area of nearly one million square feet across the 10-storey complex, the report added.

The funds will be used by Ozone Group to repay some of its debt obligations including those towards Urban Infrastructure Venture Capital.

Separately, the property fund manager of housing finance firm HDFC Ltd could raise around $1 billion (Rs 7,061 crore at current exchange rate) for its third affordable housing fund, persons in the know told Business Standard, after securing a similar sum in the past.

For the fundraising, HDFC Capital Advisors is in talks with sovereign wealth fund Abu Dhabi Investment Authority, said the persons. India’s National Investment and Infrastructure Fund could also contribute money, the persons added.

In October 2018, VCCircle had reported that the National Investment and Infrastructure Fund had put in Rs 660 crore ($90 million then) in the second affordable housing fund of HDFC Capital Advisors.

With that, National Investment and Infrastructure Fund had joined Abu Dhabi Investment Authority as a limited partner in the HDFC Capital Affordable Real Estate-2 fund.

Meanwhile, Entrackr reported that Spinny is the latest used-car player to raise funding, with the segment continuing to attract investors’ interest since the beginning of the year.

The hybrid used-car retailer has raised $50 million (Rs 353 crore at current exchange rate) in a Series B funding after Cars24’s Series D round and CarDekho’s Series C round.

“Spinny (owned by Valuedrive Technologies Pvt. Ltd) has closed about $50 million in a Series B round led by an American investor. New investors from India, including Nandan Nilekani’s Fundamentum, have also invested in the round,” three persons aware of the transaction told Entrackr.

Existing investors SAIF Partners and Accel have also participated in the round on a pro-rata basis. Four months ago, Spinny said it had raised about $15 million in a Series A round led by SAIF and Accel.